The Applied AI Company, a London, UK-based firm that builds merchandise for pharmaceutical, healthcare, security and authorities sectors, raised $42M in funding.
The spherical was led by G42, A.R.M Holding, Plug and Play Funding Group as properly as households in Europe and the MENA area. Seed traders included Stefan von Liechtenstein, Garry Kasparov, Dennis Mahoney, Valnon Holding, Freud Holdings, HCS GmbH, Plug and Play Funding Group, Bolur Company and the identical A.R.M. Holding, amongst others.
The corporate intends to make use of the funds to speed up its development within the US and Europe
Based in September 2021 and led by Arya Bolurfrushan, Founder and CEO, The Utilized AI Firm (AAICO) builds merchandise to assist automate mission essential human processes throughout the insurance coverage, pharmaceutical, healthcare, security and authorities sectors. Its merchandise cut back human error, guide processes and improve productiveness.
The engineering staff is predicated in San Francisco, Berlin and the UAE.